EC issues consultation on CSDR review and Settlement Discipline

On Tuesday 8 December, the European Commission issued the public consultation on the CSDR review and Settlement Discipline Regulation.

The consultation covers the following topics:

1. CSDs authorisation & review and evaluation process (Art. 16 & 54 CSDR)
   – Including Question 2 on the insertion of an end date for the grandfathering clause of CSDR
2. Cross-border provision of services in the EU (Art. 23(3) to 23(7))
3. Internalised settlement (Art. 9)
4. CSDR and technological innovation
5. Authorisation to provide banking ancillary services (Art. 54)
6. Scope (Art. 2(1)(8))
7. Settlement Discipline
8. Framework for third country CSDs (Art. 25)
9. Other areas to be potentially considered in the CSDR review (one open question)

The consultation runs until 2 February 2021.

Please find the full document here.